Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
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Since July, the Luibor Overnight has increased significantly, now standing at 17.14%, denoting signs of an expected tightening of liquidity in the banking system;
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Imports of goods listed on PRODESI in July totaled USD 114 million (M), representing a drop of 41.4% compared to the same month in 2020;
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On the other hand, exports of these goods increased 90.7% yoy to USD 4M, with emphasis on the beverage sector;
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High-frequency indicators gave mixed signals for the start of Q3 2021, with transactions falling in real terms over the last 3 months, contrary to imports.
Best regards,
BFA
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